The privatisation of IDBI Bank has been in process for over two and...
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FM Nirmala Sitharaman chairs India-UK Investor Roundtable in London
The key priorities for the India-UK Economic and Financial Dialogue...
India needs to keep a watch on cybersecurity, climate change and system-wide contagion risks: IMF report
IMF report suggested enhanced data coverage with better granularity...
‘IT rules give 72 hours but remove illegal content as fast as possible’
Rajeev Chandrasekhar, Union IT Minister The complaints around illegal content could range from child sexual abuse material to nudity to trademark and patent infringements, misinformation, impersonation of another person, content threatening the unity and integrity of...
Foreign investors turn net sellers in India for second month
In September, foreign investors sold Rs 7,624 crore worth of equities in India, data from National Securities Depository Limited showed. So far in 2022, they sold Rs 170,375 crore worth of stocks on a cumulative basis New Delhi: Foreign portfolio investors have...
Govt-appointed appellate panels to be set up in 3 months for resolving social media users’ grievances
The IT rules changes have been in the works for months, though, ever since users red-flagged instances of digital platforms acting arbitrarily. The latest move will arm the users with a grievance appeal mechanism in the form of appellate committees that will look into...
LIC plans to create a $22bn fund to pay bonus and dividend boosting its battered stock: Report
The transfer, if concluded, would boost LIC's net worth by about 18 times from its current value of about 105 billion rupees and top the net worth chart among insurers, including SBI Life and HDFC Life, both the officials said. New Delhi: State owned Life Insurance...
Play store policies: CCI slaps Rs 936.44 cr penalty on Google for unfair business practices
This is the second major CCI ruling against Google in less than a week. On October 20, the watchdog imposed a penalty of Rs 1,337.76 crore on the company for abusing its dominant position in multiple markets in relation to Android mobile devices and ordered the...
Uganda reports worrisome increase in Ebola cases in capital
There is no proven vaccine for the Sudan strain of Ebola that's circulating in Uganda. Ugandan officials by Thursday had documented more than 1,800 Ebola contacts, 747 of whom had completed 21 days of monitoring for possible signs of the disease that manifests as a...
Russia poised to largely skirt new G7 sanctions on oil price cap and insurance
Months of discussions between the United States and those insurance, trading and shipping firms have mollified concerns on their exposure to sanctions but all parties now realize Russia can largely skirt the plan with their own ships and services. Russia can access...
No govt, LIC veto post privatization of IDBI Bank
The government earlier this month invited bids for the sale of a 60.72 percent stake in IDBI Bank, which is 45.48 percent owned by the government and 49.24 percent by the Life Insurance Corporation of India (LIC). The official said that post-privatization, the...
Punjab announces to restore old pension scheme for state govt employees
"We have taken an in-principle decision to this effect in a cabinet meeting. This will benefit lakhs of employees," he said while adding that modalities will be worked out. Chandigarh: The Punjab government on Friday decided to restore the old pension scheme for its...
IDBI Bank privatisation: LIC to recover its investment by time of sale
LIC had bought a 51 per cent stake in IDBI Bank in 2019 for Rs 21,624 crore at an average price of Rs 61 per share. Following a QIP issue in December 2020, the stake of LIC came down to 49 per cent New Delhi: State-owned insurance behemoth LIC is expected to recover...